New investment strengthens Johnson Matthey’s position in the fluid catalytic cracking additives market
Johnson Matthey announced a multi-million-dollar investment in the fluid catalytic cracking additives space to enhance its innovation capabilities and strengthen its position in this market.
JM purchases Kayser Technology Inc’s state-of-the-art Advanced Cracking Evaluation units and peripheral equipment. ACE testing is the FCC base catalyst and additive benchmark and selection testing for the refinery industry. New product development, customer support, and manufacturing excellence all depend on ACE testing to determine additives performance.
The equipment will enable JM to accelerate new product development, and also allow JM to support customers in new areas, with refiners looking at how to best process renewable feedstocks.
Erik Larson, FCC Additives Managing Director at Johnson Matthey, said: “JM has had a long working relationship with KTI, developing testing protocols to assess additives performance. Bringing this capability in-house will improve JM’s modern testing capabilities and allow us to offer faster support to refiners, allowing them to make the right decisions to optimise the profitability of their units based on market dynamics.”
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